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Robinhood Faces Another Service Interruption Due To Technical Issue

PYMNTS

In the latest of a string of outages as of the beginning of March, Robinhood Markets Inc. The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We said it has fixed a challenge that led to a “major outage” on its platform Thursday (June 18).

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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac. Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor.

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Checkout.com Buys Australian Startup Pin Payments

PYMNTS

The purchase allows Checkout access to Australia’s $33 billion eCommerce market and expands the company’s reach in the Asia Pacific region of the globe. Founded in 2013 by Grant Bissett and Dominic Pym, Pin Payments serves more than 12,000 businesses across Australia and New Zealand. Terms of the deal were not disclosed.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. The news outlet quoted SEBI Chairman Ajay Tyagi late last month that blockchain may pose challenges for exchanges and financial firms. “We

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PRUDENA Launches Online Marketplace for Stock Market Research

Fintech Labs Insights

PRUDENA launched its online stock market research marketplace last week, helping retail investors and independent financial advisors access the same kind of quantified stock market research that institutional money managers have used for years.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

In addition, Allianz-backed Simplesurance , which offers point-of-sale insurance policies via online retailers’ websites, partnered with Munich Re Digital Partners in October 2016 to jointly develop new insurance products. Investment frequency: Average of 4 new portfolio companies per year since 2013. American Family Ventures.

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China key to banking and payments innovation

Banking 2020

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. At the turn of the millennium, just 1.8 ”